Home Tags Retail
Monex Group Inc is considering adding crypto to its retail client offerings in a bid to become more competitive. Online brokerage Monex Group Inc., owner of the hacked Japanese crypto exchange Coincheck, is considering adding crypto to its retail client offerings in a bid to become more competitive in the local brokerage market. The news was reported by Bloomberg on April 15. As previously reported, Monex acquired Coincheck in April 2018 in the wake of the exchange’s industry record breaking $532 million hack in January of that year. According to Bloomberg, Monex now sees its Coincheck involvement as potentially instrumental in restoring its erstwhile market dominance. Founded in 1999, Monex was reportedly once the country’s most popular online brokerage, but has since reportedly been eclipsed by rivals such as Rakuten, SBI Holdings and Mastui. Monex’s brokerage unit is thus mulling the addition of digital currencies to its offerings for retail clients in collaboration with Coincheck...
Overstock.com will seemingly delay the sale of its retail wing, the profits of which it can purportedly use to support its crypto and blockchain portfolio companies. The CEO of retail giant Overstock.com, Patrick Byrne, noted the potential profitability of the firm’s retail arm in its Q4 2018 earnings conference call on March 18. Byrne’s statements indicate that Overstock may not be divesting from its retail wing as soon as was previously indicated. Last year, Byrne reportedly told The Wall Street Journal that Overstock would sell off its retail wing sometime in early 2019. During the section of the conference call devoted to retail, Byrne said that “this is going to be a year of explosive growth,” and that the retail wing would “spit out cash.” The CEO predicted that the firm was going to “do $115 million dollars better than last year.” Of that $115 million dollar amount, Byrne says that $33 million will come from improvements in expense management and retail tech, while $82 million ..
Adoption of Bitcoin payments by Kroger and Starbucks may be tipping point for crypto. It's no secret that cryptocurrencies don't receive many plaudits in the mainstream media as reliable means of payment. Critics have even claimed that Bitcoin "sucks" as a payment mechanism. Yet, despite that blinkered skepticism, cryptocurrency payments actually grew last year. Payment processor BitPay reported a "record" $1 billion in transaction revenue in 2018, with its business-to-business (B2B) operations increasing by 255 percent compared to the previous year. Meanwhile, the use of cryptocurrencies in such economically unstable countries as Venezuela and India has surged, as people turn to the likes of Bitcoin and Dash to escape from increasingly worthless national currencies. These are all encouraging developments, and they've become more encouraging in recent months, with growing interest in crypto payments from major retailers. From Kroger to Starbucks and Rakuten, big corpora..
French retail giant Carrefour has continued blockchain development by using DLT for tracking micro-filtered full-fat milk. French retail giant Carrefour has continued blockchain development by applying the technology for tracking milk, according to a press release published on March 1. Starting from March, the retail giant is gradually rolling out its new blockchain-powered product, Carrefour Quality Line (CQL) micro-filtered full-fat milk. CQL is touted to guarantee consumers complete product traceability across the entire supply chain — from farmers to the store shelves. With CQL, consumers will be able to see the GPS coordinates of farmers whose animals’ milk was collected, get information about when the milk was collected and packaged, as well as find out about various stakeholders involved in the product line. Carrefour’s new product has followed a number of previous blockchain implementations by the major global food retailer. In November 2018, Carrefour launched a food tracking..
U.S. crypto exchange Coinbase has extended support for XRP to Coinbase.com and its Android and iOS apps. United States major cryptocurrency exchange Coinbase has added support for Ripple (XRP) to its retail platform and mobile apps. The exchange announced the development in a blog post on Feb. 28. The announcement states that Coinbase’s users can now purchase, sell, convert, send, receive, and store XRP both on Coinbase.com and the Coinbase Android and iOS apps. As usual, the service will reportedly be available for most jurisdictions, however it will not initially be available for residents of the United Kingdom and the U.S. state of New York. On Feb. 25, Coinbase announced support for XRP on its Coinbase Pro platform. In the announcement, Coinbase stated that full trading of XRP will be available to customers in the U.S., Canada, the European Union, the United Kingdom, Singapore and Australia, while also planning to expand its services to other countries at a later date. Following t..
This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. It is an accepted fact that customers love sales – and the bigger the discounts, the better. Major online marketplace Flubit is doing things a little differently to most retail outfits, however. Flubit is not merely aiming to attract shoppers looking for a bargain – it’s also aiming to give cryptocurrencies a boost at the same time, thereby helping to bring them further into the mainstream. Flubit SaleAnnounced in London last week, Flubit’s sale began on February 14th and offers a worldwide discount of 25% off all stock, including laptops, beauty products, video games and more. According to the Flubit website, the online marketplace claims to offer over one million items at a lower price than its main rival, Amazon.co.uk, each week. To take advantage of the discount, customers must pay with MUE (MonetaryUnit), Flubi..
U.S. retailer Overstock, headed by crypto enthusiast Patrick Byrne, to pay taxes in the state of Ohio using Bitcoin. United States retailer Overstock.com has announced it will pay part of its business taxes in the state of Ohio using Bitcoin (BTC), according to an announcement on its website Jan. 3. Overstock will cover commercial activity taxes (CAT) with Bitcoin starting February, using the recently launched cryptocurrency taxpayer platform, OhioCrypto.com. The company’s CEO and founder Patrick Byrne — a longtime crypto enthusiast — said in the announcement that governmental adoption of cryptocurrencies and other emerging technologies, accompanied by friendly legislation, is "the best way to ensure the U.S. does not lose our place at the forefront of the ever-advancing global economy." As Cointelegraph previously reported, Ohio became the first U.S. state to accept Bitcoin as a payment method for taxes in November. The service is currently available only for businesses, with reporte..
U.S. crypto exchange Coinbase has extended support for Zcash to Coinbase.com and its Android and iOS apps. Major American cryptocurrency exchange and wallet provider Coinbase has launched support for Zcash (ZEC) at Coinbase.com and the exchange’s Android and iOS apps, according to a blog post published Dec. 5. Per today’s announcement, Coinbase customers can now purchase, sell, send, receive, and store ZEC. The coin will be available for customers in most jurisdictions, but initially customers from the United Kingdom and the state of New York will not be able to use the service. Coinbase further notes that additional jurisdictions may be introduced later. Since Zcash is a digital currency based on a decentralized blockchain and designed with the goal of making transactions more private than they are on the Bitcoin blockchain, it deploys specific features of cryptography to protect the privacy of its users. Coinbase therefore outlines in the post: “Initially, customers can send ZEC to ..
French retail giant Auchan has expanded its blockchain products’ traceability solution after successful a 18-month pilot in Vietnam. Global retail giant Auchan is expanding TE-FOOD’s blockchain solution to improve the transparency of products’ history, U.S.-based news agency Cision PRWeb reports today, Dec. 4. The French retail group, which is reportedly the 13th largest food retailer globally with operations in 17 countries, has extended TE-FOOD’s FoodChain solution to five more countries. FoodChain is the international traceability information ledger by TE-FOOD, first applied by Auchan in its Vietnam branch. After a 18-month test of TE-FOOD’s blockchain tool in Vietnam, Auchan has now decided to deploy the products’ traceability solution in France, Italy, Spain, Portugal, and Senegal. The blockchain-powered retail monitoring system provides tracking for selected product categories from farm to table, as well as recording food quality data and related logistics information. Auchan co..
Major Canadian-based jewelry manufacturer and retailer Birks Group has begun accepting Bitcoin (BTC) payments. Major Canadian-based jewelry manufacturer and retailer Birks Group has begun accepting Bitcoin (BTC) through a partnership with U.S. payment processor BitPay, the company confirmed in a press release Nov. 28. Birks, which has operated since 1879, will initially accept the largest cryptocurrency in eight of its 30 domestic stores in Canada. Seven are already servicing Bitcoin payments, with the facility coming to the company’s latest Graff and Patek Philippe stores in Vancouver “soon.” Commenting on the move, Jean-Christophe Bédos, president and CEO of Birks Group, described the decision as being of “great significance.” “BitPay will benefit our customers as we look to align ourselves with these innovative capabilities that are on the forefront of technology,” he said. As Cointelegraph has reported, Bitcoin’s underlying blockchain technology has seen multiple use cases in trac..
12Page 1 of 2